14 november 2013 h1fy2014 results investors presentation€¦ · h1fy2014 results –investors...

1 1Your Bank. Malaysia‟s Bank. AmBank.

H1FY2014 Results – Investors Presentation

14 November 2013

H1FY2014 Results –Investors PresentationAshokRamamurthy, Group ManagingDirector

Your Bank. Malaysia‟s Bank. AmBank.



1. EXECUTIVE SUMMARY Page 3

2. H1FY2014 GROUP FINANCIAL PERFORMANCE Page 10

3. OUTLOOK & STRATEGIC PRIORITIES 4

4. DIVISIONAL STRATEGY & PERFORMANCE Page 29

5. SUPPLEMENTARY INFORMATION – AMBANK GROUP Page 41

6. SUPPLEMENTARY INFORMATION – ECONOMY & INDUSTRY Page 53

AGENDA




Pre ANZ FY2007 – 10 FY2011 – 12 FY2013 H1FY2014

Scale & Presence

Reposition, BuildNew Growth Options

Improve ReturnsAggressively Invest, Optimise &

Leverage Connectivity

As Malaysia’s preferred diversified, internationally connected financial solutions group, we take pride in growing your future with us.

Record performances & increasing ROE

Consistent revenue growth

Improved balance sheet & funding mix

Increased dividend payout to 40%

Commenced pursuing niche acquisitions

3 Focus areas:

Strategic Business Transformation

High priority growth initiatives

Organisationand governance structures

6th consecutive year of record performance

Consistent growth & returns

Optimal diversification agenda

Clear strategic priorities

Acquisition synergies on track

Grow retail assets

Lead in investment banking business

Leverage fixed income trading

Stronger earnings, PATMI up 10.1%, ROE of 14.6%

Most key performance indicators within FY14 guidance

Integrations on track, delivering on synergies

Capital levels within Basel III targeted levels, propose interim dividend of 7.2 sen (24% payout)

Unveiled new brand chapter, new core banking going live in 3QFY14

Progressively delivering on FY14 -FY16 strategic agenda

H1FY2014 highlights



Kurnia – vested on 1 March 2013, good progress made on staff benefits alignment and agent retention programme. Branch operations centralisation completed, rolling out dual branded branches. On track to complete integration by H1CY2014

MBF – vested on 1 July 2013. Focusing on internal reorganisation and tapping on merchant base for cross selling. On track to complete integration by H1CY2014

Pursuing “Save to Invest” programme to achieve cost synergies across the Group

Restructuring non-retail business divisions to Wholesale Banking to improve client centricity, efficiency and productivity

FX and Rates businesses have grown significantly, contributing over half of Markets PAT

Transaction Banking income has increased over 19.7%

Undertaking segmentation activities and developing strategies to grow Main Bank relationships as well as cross-sell in Retail Banking and Small Business

AmLife & AmFamily Takaful – seeking new strategic partner. Completed due diligence and phase two of bid process. Expected to finalise by end of CY2013

Financial Services Act (FSA) gazetted and effective from 1 July 2013 – Financial Holding Company (FHC) structure being progressed for full compliance with FSA and IFSA

MBF Cards restructuring completed 1 July 2013, allowing RM 250m capital repatriation to AMMB

Streamlining of subsidiaries and releasing of dormant capital of 12 entities to be completed by 31 March 2014

Commenced program to deliver on an Internal Rating Based (IRB) based approach to managing risk by FY2015, with capital benefits accruing after a 2-3 year period

Integrate acquisitions and deliver synergies

Simplify business model and streamline processes

Accelerate organic growth with focus on cross sell, flow business, small business, and emerging affluent customers

Build scale in specialist businesses with partners

Optimise capital and holding company structures

1

2

3

4

5

Progressively delivering on our strategic agenda



38.8% 40.2%43.3% 42.0%

39.9% 41.6%

47.9%44.0%

47.6%

FY07 FY08 FY09 FY10 FY11 FY12 FY13 H1FY13 H1FY14

-283

669

8611,009

1,3431,484

1,619

823907

-5.8%

11.5% 11.7% 11.5%

13.6% 13.8% 13.9% 14.3% 14.6%


PATMI (RM'mil)

ROE (%)

-0.17%

1.02% 1.04%1.13%

1.39% 1.39% 1.37%1.44% 1.49%


CTI

-13.3

28.231.6

34.7

44.7

49.6

54.0

27.530.2


Stronger profit performance, CTI reflects investments for growth

CAGR FY07-13: 0.26%YoY growth: 0.05%

CAGR FY07-13: 12.9%YoY growth: 9.8% YoY change: 3.6%

ROECAGR FY07-13: 3.3%YoY growth: 0.3%

PATMICAGR FY07-13: 19.5%YoY growth: 10.1%

1. CAGR for PATMI & ROE based on FY2007 underlying profits of RM556.9 mil2. FY2013 has been restated to conform with current period‟s presentation

RM (sen) (%)

(%)

PATMI & ROE ROA

CTIEPS (basic)



9.4% 9.5%8.6% 8.4%9.7% 9.8% 9.8%

10.4%

11.1%

10.5%

11.2%12.5%14.0%

15.2% 15.3%14.0%

14.7% 14.8% 14.3%14.9%


CET-1 Tier-1 RWCAR/Total Capital BASEL III

6.2%

3.7%

2.6%

3.81%3.33%

2.45%1.98%

2.21%1.95%


50.354.4

57.9

64.8

71.175.7

82.680.2

83.6


5.3 6.3 7.0 8.5 10.4 13.2 16.8 14.5 16.5

45.957.9

65.270.7

81.584.6

93.1 91.496.3

13% 11% 11% 12% 14%17%

20%17%

19%


Customer deposits (RM'bil)

CASA(RM'bil)

CASA Composition (%)

Net Lending

Continued growth in targeted segments, sound credit quality & capital ratios

CASACAGR FY07-13: 21.2%YoY growth: 13.8%

CAGR FY07-13: 8.6%YoY growth: 4.3%

Customer DepositsCAGR FY07-13 : 12.5%YoY growth: 5.3%

GP3 MFRS 139

YoY change: -0.26%

(RM‟bil)

(%)(%)

Customer Deposits & CASA

Net Lending

GIL ratio Capital ratio

1. FY2013 has been restated to conform with current period‟s presentation

LDR

86.8%



283308

449

243

114131

FY10 FY11 FY12 FY13 H1FY13 H1FY14

867931

983

1,300

673747


32

62

8

-64

-29

25


Good growth across all divisions

PAT (RM‟mil)

PAT (RM‟mil) PAT (RM‟mil)

1 Commercial banking represents Retail, Business, Corporate & Institutional Banking activities2 Investment Banking represents Investment Banking and Markets activities

PAT (RM‟mil)

4960

94

137

60

88


Commercial Banking 1 Investment Banking 2

General Insurance Life Assurance & Family Takaful

FY2013 has been restated to conform with current period‟s presentation

11.0%

14.9%

45.3%

>100.0%



Integrations on track, seeking new strategic-partnership for Life & Family Takaful

RM1.627 bil cash purchase price (valuation: P/B 1.95x based on net assets @ 30 Jun 2012)

As at Sep 2013: GWP of >RM1.7 bil (~12% market share), >3.6 mil policyholders

Integration on track:

o “AmAssurance” & “Kurnia” dual branding strategy, the first in Malaysian general insurance market

o 28 dual branded branches rolled out, branch operations centralisation completed

RM641.4 mil cash purchase price (valuation: P/B 2.9x based on net assets @ 30 Nov 2012)

Enlarged merchant force

Integrating people, processes, operations and IT systems, expected to complete by H1CY2014

Recently completed Phase 2 bid process

Target to finalise by end CY2013

RM milSynergistic benefit

cost^

Run Rate SynergiesAcquisition cost

Revenue Cost Total

FY13 (10.5) 0.1 2.4 2.5 (3.5)

H1FY14 (3.5) 0.9 5.7 6.6 -

FY14(e) (32.7) 4.9 14.1 19.0 -

FY15(e) (1.5) 17.1 25.7 42.8 -

RM milSynergistic benefit

cost^Run Rate Synergies

Acquisition costCost Total

FY13 (11.0) 25.5 25.5 (20.5)H1FY14 (3.1) 24.0 49.5 -

FY14(e) (11.3) 33.4 58.9 -FY15(e) (7.1) 1.1 60.0 -

Leading general and #1 motor insurer in Malaysia

CIC increased to > 500,000 Combined merchant > 50,000

^ includes depreciation, exclude funding cost

https://www.kurnia.com/malaysia



14 November 2013

H1FY2014 Results –Investors PresentationMandy Simpson, Chief Financial Officer





2. H1FY2014 GROUP FINANCIAL PERFORMANCE

3. OUTLOOK & STRATEGIC PRIORITIES Page 24




AGENDA




78.1

80.2

81.3

82.6

84.283.6

Q1FY13 Q2FY13 Q3FY13 Q4FY13 Q1FY14 Q2FY14

(RM‟bil)

C. Deposits QoQ growth: -0.9%CASA QoQ growth: -8.2%

443380 396 400

465 441

15.7%13.0% 13.4% 13.6%

15.2%13.9%


PATMI (RM'mil)ROE (%)

42.5%45.6%

50.6% 52.2%47.6% 47.6%


PATMI QoQ growth: -5.2%ROE QoQ growth: -1.3%

QoQ growth: -0.7%YoY growth: 4.2%

14.5 14.5 15.4 16.8 18.0 16.5

88.0 91.4 90.8 93.1 95.4 96.3


RM‟bil

Customer deposits CASA

18% 17% 19% 20% 21% 19%

CASA Composition

Targeted loan growth in preferred segments and seasonal impact

(%)

PATMI & ROE CTI

Net LendingCustomer Deposits & CASA

1. FY2013 has been restated to conform with current period‟s presentation



40.7% 78.4% 22.9% 91.4%

906.5 mil

10.1% 13.7% 6.5% 8.1% 12.3%

823.3 mil

2.3%

H1FY13 PATMI H1FY14 PATMI Positive growth in H1FY14 Contraction in H1FY14

* PATMI: profit after tax and non controlling interests

Strong non-interest income growth, expenses reflect acquisitions & investment

Growth 3.8%

PATMIH1FY13

Net Interest Income

Non-Interest Income

Total income

Expenses PBPProvisions/Allowances

PBTTax & Zakat

PAT MIPATMIH1FY14

H1FY14 (RM‟mil)

1,503.9 877.0 2,380.9 1,133.1 1,247.8 4.6 1,243.2 292.4 950.8 44.3

H1FY13(RM‟mil)

1,469.9 623.5 2,093.4 921.6 1,171.7 21.4 1,150.4 303.9 846.4 23.1

Includes proactive provisioning of RM40 mil in respect of AmFraser



1.3% 35.8% 45.3% >100.0% 10.1%>100.0%

* Performances reflected within divisional outcomesNote: H1FY14 includes Kurnia‟s & MBF‟s 6-month performance

13.8% 20.5% >100.0% 23.4%

Conventional PATMIIslamic PATMI Positive growth in H1FY14 Contraction in H1FY14

823.3 mil

906.5 mil

Growth 91.4%

85%84%

16%15%

PATMIH1FY13

Retail BusinessCorporate & Institutional

Investment MarketsGeneral

Insurance

Life Assurance & Family Takaful

Operating Segments

MI Transaction * Islamic *PATMI H1FY14

% of Composition

39% 21% 21% 9% 6% 10% 3% -4% -5%

H1FY14 (RM‟mil)

356.4 195.7 194.8 78.1 52.7 87.7 24.9 -39.5 44.3 100.6 137.1

H1FY13

(RM‟mil)313.1 162.5 197.4 31.8 82.1 60.3 -28.9 28.2 23.1 131.3 129.4

6.0%

Most divisions delivered double digit profit growth, Markets impacted by lower trading income

PATMI by Divisions



63%70%

37%30%

1 2

63% 70%

37% 30%

1 2

Total Income H1FY13 Retail Business RSb Investment Markets AmG AmLife + AmFam OptSeg Total Income H1FY14

1.6% 23.7% 13.7% 9.0% 3.7%

2,093.4 mil

2,380.9 mil

YoY Growth 26.8% >100.0% >100.0% 12.1%

16.8

65.1

-7.3

4.5-0.9

-36.6

-5.4

150.4

-6.5

73.4

18.56.0

35.3

-18.1

1.0

Total non interest income

Total interest income Positive interest income growth in H1FY14

Contraction interest income in H1FY14

Positive non interest income growth in H1FY14

Contraction non interest income in H1FY14

Commercial banking Investment banking Insurance 6.0% 1.2%

-8.7

>100%

IncomeH1FY13

Retail BusinessCorporate & Institutional

Investment MarketsGeneral

Insurance


Operating Segments

Income H1FY14

% of Composition

42% 13% 11% 9% 4% 11% 4% 5%

H1FY14 (RM‟mil)

989.3 315.2 262.3 216.0 102.1 266.2 104.3 125.5

H1FY13(RM‟mil)

907.4 304.0 266.6 174.7 139.6 121.1 37.4 142.6

Key income drivers – Retail, Investment banking and Insurance

Income by Divisions


H1FY2014 Results – Investors Presentation* IB business includes brokerage fees, underwriting fees and corporate advisory & guarantees

As % of total income 30% 37%

>100.0% 17.8% >100.0%Growth 6.8% 21.6% 47.7% >100.0%

877.0 mil

25.9% 2.9% 53.8% 14.0% >100.0% 40.7% 11.2%

H1FY14 non interest income Positive growth in H1FY14 Contraction in H1FY14

Retail: +45milBB & CIB: -14milIB & Markets: -8mil

H1FY13 non interest income

623.5 mil

H1FY13Fees on

lending & securities

AUMIB

business*Banca

Other fee income

Total Fee Income

Sales TradingOther

trading & investment

Trading & Investment

GeneralLife &

TakafulInsuranceBusiness

Others H1FY14

% of Composition

17% 9% 12% 2% 7% 47% 9% 5% 6% 20% 23% 5% 28% 5%

H1FY14

(RM‟mil)152.9 80.0 104.2 18.6 54.5 410.2 79.7 41.8 51.1 172.6 203.9 42.3 246.1 48.0

H1FY13(RM‟mil)

129.8 74.8 85.7 19.2 59.3 368.8 51.8 79.9 69.0 200.7 91.1 -45.7 45.4 8.6

H1FY13 Fees on loans AUM IB business Banca Other fee incTotal Fee income Sales Trading Other trading incTotal Trading & InvestmentGeneral Life & TakafulTotal Insurance Other H1FY14

8.1%

Non-interest income movement

Consistent NII growth, reflecting cross selling and collaboration efforts



268.5

258.8

1.2

3.2

14.1

FY13 Asset mix Funding mix Rates H1FY14

2.68%

2.92%3.13% 3.10%

3.08%2.98%

2.94%2.75% 2.68%

2.59%

FY10 FY11 FY12 FY13 H1FY14

Cost of funds NIM

Higher margin compression in retail, overall NIM within guidance

Cost of Fund NIM OPR SRR

Note :1 NIM includes Net Financing Income from Islamic Banking business2 FY10-H1FY14 based on internal data computation

COF

NIMF

SRRF

OPRF

3.44%

2.68%

2.92% 2.92% 2.86% 2.91% 2.90% 2.85%

2.92%

3.04%

2.98% 2.94% 2.94%3.05%

2.95% 2.90%3.01%

2.94%

FY09 FY10 FY11 Q1FY12 Q1FY11 Q2FY11 Q3FY11 Q4FY11 Q1FY12

Cost of funds NIM

3.44%

2.68%

2.92% 2.92% 2.86% 2.91% 2.90% 2.85%

2.92%

3.04%

2.98% 2.94% 2.94%3.05%

2.95% 2.90%3.01%

2.94%


Cost of funds NIM

3.44%

2.68%

2.92% 2.92% 2.86% 2.91% 2.90% 2.85%

2.92%

3.04%

2.98% 2.94% 2.94%3.05%

2.95% 2.90%3.01%

2.94%


Cost of funds NIM

2.50%2.75% 2.75% 2.75%

3.00%

3.00%

1.00% 1.00% 1.00% 1.00%

2.00%

3.00%

4.00%


OPR SRR

SRR

OPR

2.50%2.75% 2.75% 2.75%

3.00%

3.00%

1.00% 1.00% 1.00% 1.00%

2.00%

3.00%

4.00%


OPR SRR

SRR

OPR

2.25%2.75% 3.00% 3.00% 3.00%

1.00% 1.00%

4.00% 4.00% 4.00%

FY10 FY11 FY12 FY13 Q1FY14

OPR SRR

Net interest margin (NIM)

o Largely impacted by margin pressure in retail loans

o Tax exempted bonds has an additional 2bps impact

Improved funding mix with good CASA growth and composition

9.7 bps

FY10 FY11 FY12 FY13 H1FY14

FY13 Assets mixFunding

mixRates H1FY14

NIM and COF (YOY)

NIM (bps) drivers



21%

20%

26%

89% 89%

90%41.8% 40.2% 40.5%

43.3%46.0%

FY10 FY11 FY12 ^ FY13 H1FY14

Higher expenses reflecting strategic investments and acquisitions

H1FY13 Personnel EstablishmentMarketing &

CommAdmin & others

Synergisticbenefit cost

H1FY14

% of Composition 60% 23% 7.5% 8.5% 1%

H1FY14 (RM‟mil) 675.9 265.2 88.0 97.5 6.5

H1FY13 (RM‟mil) 580.5 214.8 60.7 65.6 -

16.4% 23.5% 44.9% 48.5%

44.0% 47.6%CTI

YoY Growth

RM‟mil

921.6

1,133.1

> 100.0%

Expense growth drivers

Banking Group CTIAmGeneral Combined

Operating RatioAmLife Management

Expense Ratio

FY12 FY13 H1FY14FY12 FY13 H1FY14FY10 FY11 FY12 FY13 H1FY14



Loan Loss Coverage

121.8%

129.2%5.3%

1.9%

10.8%

28.3

129.2

(31.0)

73.0

3.2

3.18%

0.97%0.60% 0.88%

6.2%

3.7%

2.6%1.5%

10.4%

6.3%

4.1%

2.8%

3.81%3.33%

2.45%1.98% 1.95%

0.50% 0.21% -0.07%

FY2012 FY2013 H1FY2014

Asset quality remains consistently strong

28bps

186bps

MFR

S 1

39

MFR

S 1

39

RM‟mil

GP

3

Industry

3.18%

0.97% 0.60%0.88%

6.2%

3.7%

2.6%

1.5%

10.4%

6.3%

4.1%

2.8%

3.81%3.33%

2.45%

2.38%

0.51%0.08%

FY2007 FY2008 FY2009 FY2010 Day 1 FY2011 FY2012 Q1FY2013

Net Provisions Charge Net NPL Ratio Gross NPL Ratio Gross Impaired Loans Loan Loss Charge (MFRS139)

AmBank Group

FY2007 FY2008 FY2009 FY2010 1/4/2010 FY2011 FY2012 FY2013 H1FY2014

H1FY13 loan losscoverage

Collective allowance

Individual allowance

Impaired loans &

financing

H1FY14 loan losscoverage

H1FY13 Allowance for impairment

Individual allowance

Collective allowance

Impaired loans –recovered & written-off

H1FY14 Allowance for impairment

114.6% 129.3% 129.2%

Asset quality indicators

Allowance for impairment on loans & financing (P&L) Movement in loan loss coverage

95.6%99.6%

97.6%



Slower growth, being selective in customer segments & economic sectors

Retail Biz & Corporate

2.9% 5.7%

82.4bil

7.4% 22.6% 6.3% 2.2% 7.7% 54.9%

85.8bil

4.1% 12.4%

No

n-re

tail

Reta

il

1.1%

Non-RetailRetail Positive growth in H1FY14 Contraction in H1FY14

Conventional73%

Islamic27%

Conventional73%

Conventional73%

Conventional74%

Gross LoanH1FY13

Auto Financing

Mortgage Cards Co-opAsset

FinancingBusiness

Corporate & Institutional

OthersGross Loan

H1FY14

% of Composition

30.3% 19.5% 2.5% 1.9% 3.2% 21.5% 19.4% 1.8%

H1FY14 (RM‟bil)

26.0 16.7 2.2 1.6 2.7 18.4 16.7 1.5

H1FY13(RM‟bil)

25.7 15.5 1.8 1.8 2.9 17.3 16.3 1.1

58%

42%

57%

43%

Lower growth rate due to single large repayments

Gross Loan / Financing movement

Fixed

rate

44%

Variable

rate

56%

Conventional 73%

Islamic 27%



Manufacturing, 0%

Electricity, Gas & Water, -12%Construction, 5%

Mining & Quarrying, 19%

Wholesale, Retail, Restaurant &

Hotel, 12%

Transport, Storage &

Communication, -6%

Finance, Insurance & Business

Activities, 4%

Agriculture, 18%Education & Health, 8%

Household, 12%

Others, 13%

Real Estate, 15%

0%

10%

20%

30%

40%

50%

60%

70%

-60% -40% -20% 0% 20% 40%

Manufacturing, 5%

Electricity, Gas & Water, -10%

Construction, -5%

Mining & Quarrying, 37%

Wholesale, Retail, Restaurant &

Hotel, 11%

Transport, Storage &

Communication, -10%Finance, Insurance & Business

Activities, -51%

Agriculture, 27%

Education & Health, 9%

Household, 5%

Others, -38%

Real Estate , 25%

0%

10%

20%

30%

40%

50%

60%

70%

-60% -40% -20% 0% 20% 40%

Loans by Sector: AmBank Group vis-à-vis Industry

Source : BNM, financial statement

Gross Loans Growth

Gross Loans Composition

Gross Loans Growth

Gross Loans Composition


Sep 13 vs Sep 12

Sep 13 vs Sep 12

AmBank Group Loans Growth by Sector

Industry Loans Growth by Sector



8.5 10.4

13.2

16.8 16.5

12% 14%17%

20% 19%

FY2010 FY2011 FY2012 FY2013 H1FY2014

CASA CASA composition

FY07 FY10 FY13 H1FY14

Equity & debt capital 10% 15% 14% 14%

Customer deposits 60% 77% 75% 74%

Term funding & loans with recourse >1year

4% 2% 7% 7%

Term funding & loans with recourse <1year

1% 1% 1% 2%

Deposits from banks & FIs

25% 5% 3% 3%

YoY Growth 17.6% 6.3% 13.8% 4.5% -3.0% 5.3%

Cust

Deposits

H1FY13

Current Savings CASA

Term

Deposit

& NID

Term

Funding

Cust

Deposits

H1FY14

H1FY14 11.4 5.1 16.5 71.7 8.0 96.3

H1FY13 9.7 4.8 14.5 68.6 8.3 91.4

91.4

96.3

-

1.0

2.0

3.0

4.0

5.0

6.0

7.0

<FY10 FY11 FY12 FY13 FY14 YTD

FY14 FY15 FY16 FY17 FY18 FY19+

RM'bil

Debt Capital Term Funding Loans sold to Cagamas

Issuance Maturity

1. Term funding includes Senior Notes, credit-linked notes, loans sold with recourse and other sources such as pension and retirement funds, non-profit organisations and similar

Diversifying funding sources, customer base and maturity profile

RM’bil

FY2010 FY2011 FY2012 FY2013 H1FY2014

CAGR FY10-13: 25.4%

8.5 10.4

13.2

16.8 18.0

12% 14%17%

20% 19%

FY2010 FY2011 FY2012 FY2013 H1FY2014

CASA CASA composition

Customer deposits driven by focus on CASA

Improving CASA composition

Lengthening debt capital & term funding profile

Improving funding composition



120.1 226.6

346.7

585.3

932.0

132.9

255.2

388.2

664.4

1,052.6

Sep'12 Sep'13

10.7% 12.6% 12.0% 13.5% 12.9%

4.8 9.7 14.5

68.4

82.9

5.1

11.4

16.5

71.7

88.3

Sep'12 Sep'13

RM’bil

Deposits by Type: AmBank Group vis-à-vis Industry

Source : BNM, internal reports

RM’bil

Savings Current Account CASA Fixed Deposits Core Deposits

Savings Current Account CASA Fixed Deposits Core Deposits

AmBank Group Deposits Growth by Type

Industry Deposits Growth by Type

6.3% 17.6% 13.8% 4.8% 6.4%

12.6%

24.2%

63.1%

Industry Core Deposits Composition

Savings Current Account Fixed Deposits

5.8%

12.9%

81.3%

AmBank Group Core Deposits Composition

Savings Current Account Fixed Deposits



9.4% 9.5%9.8% 10.4%

11.1% 11.2%

14.0%14.7% 14.8% 14.9%

Adopted Basel III at banking entity level:

• The aggregated banking entities of the Group remain well capitalised and operated within internal target capital levels for FY2014:

o CET1: 8.5% ± 1.0%

o T1: 10.5% ± 1.0%

o Total Capital: 14.5% ± 1.0%

Double leverage ratio1: 1.14x

Balance Sheet leverage ratio2: 8.0%

Total leverage ratio3: 6.1%

Adopted Basel III, in progress to optimise capital & holding company structure

1. Double leverage ratio computed based on AMMB Holdings company level2. Balance sheet leverage ratio: total equity net of deferred tax & intangible assets over total assets net of deferred tax assets & intangible assets 3. Total leverage ratio: total equity net of deferred tax & intangible assets over total assets net of deferred tax assets & intangible assets & off balance sheet

Capital: Aggregated banking entities

Basel II Basel III

------------------ After proposed dividend -----------------------

Capital: Legal entities

FY13 H1FY14

CET 1 Tier 1Total

capitalCET 1 Tier 1

Total capital

AmBank 8.6% 10.9% 14.2% 8.8% 11.1% 14.4%

AmIslamic 9.5% 9.5% 14.6% 10.0% 10.0% 15.1%

AmInvestment 25.7% 25.7% 25.7% 23.9% 23.9% 23.9%

FY2011 FY2012FY2013

restatedH1FY2014

CET 1Tier 1 RWCAR / Total Capital Ratio

Capital adequacy ratio





3. OUTLOOK & STRATEGIC PRIORITIES




AGENDA




Financial services outlook

Economy expected to moderate

Accommodative monetary policy will remain to support the moderate economic growth, although inflation inches upwards

Greater concern for BNM will be to address the high household debt

Moderate loans growth in line with the economic outlook and measures to address household debt

Asset quality trend may come under pressure for potential capital flow risk and inflationary pressure

Margins remains a challenge from the stiff price-based competitions for loans and deposits

OPR expected to remain at current 3% until 1H2014

Opportunities & challengesMalaysia Banking

Global growth remain uneven

• US debt ceiling issues still lingering, still downside risk in euro-area and structural reforms will take time to gain traction

• Developing Asia is challenged to maintain financial stability and sustain economic growth

Malaysian economy expected to moderate

• Subdued growth in 2013 dampened by exports and faltering private consumption, private investment remains positive

• Growth expected to pick-up in 2014 from improved global trade, supported by private expenditure, namely private investment

• Authorities will continue to adopt prudent and pragmatic macroeconomic policies, reining in fiscal deficit and public debt

2012 2013f 2014f

RGDP y/y% 5.6 4.6 4.8

Inflation y/y% 1.7 2.2 2.7

Unemployment (%) 3.0 3.3 3.4

FB% GDP (FY) -4.5 -4.0 -3.5

CA% GDP 6.1 2.5 3.0

80.1

9.2%

22.0%

Jan-12

Feb-12

Mar-12

Apr-12

May-12

Jun-12

Jul-

12

Aug-12

Sep-12

Oct-

12

Nov-12

Dec-12

Jan-13

Feb-13

Mar-13

Apr-13

May-13

Jun-13

Jul-

13

Aug-13

RM'bil

Loans disbursed Loans approved (yoy growth)Loans Applied (yoy growth)



FY2014 – 2016 Strategic Agenda

Integrate acquisitions and deliver synergies

Simplify business model and streamline processes

Accelerate organic growth with focus on cross-sell, flow business, small business, and emerging affluent customers

Build scale in specialist businesses with partners

Optimise capital and holding company structures

1

2

3

4

5



1,619.2

(9.1% yoy)

906.5

(10.1% yoy)10 – 12% 12 – 14%

13.9% 14.6% 14.0 – 14.5% 14.5 – 15.5%

47.9%43.3%

(Banking Group)

47.6%

46.0%

(Banking Group)

≤47%;≤45%

(Banking Group)

≤45%;≤43%

(Banking Group)

1.98% 1.95% ≤2.0% ≤2.0%

22.0 sen / share

41%

7.2 sen / share

24%

40 - 50%Payout

40 - 50%Payout

PATMI(RM‟mil)

ROE (%)

CTI (%)

Gross impaired loans

(%)

Dividend:Single-tier (sen)

Payout (%)

Key performance indicators

NIM expected to contract ~10 bps Loan loss charge expected to be <20 bps Loans expected to grow ~7% (GDP @ 4.6%) LD ratio expected to maintain at ~90%, ±2%

CASA composition ≥20%

Non-interest income composition at circa 35% Target CET 1 of 8.5% (±1%), Tier 1 of 10.5% (±1%),

RWCAR of 14.5% (±1%)

1

2

3

4

5

Other FY2014 underlying estimates:

FY2013(Restated)

H1FY2014(Actual)

FY2014 FY2015 – FY2016Underlying Estimates



H1FY14: Progressively delivering on our strategic agenda

o Stronger earnings, integrations progressing well

o Investing to strengthen AmBank‟s franchise

o More work to be done on efficiency agenda

o Global sentiments underpinning domestic economic outlook

o Some headwinds in the banking environment, expect growth to moderate

Strategic agenda remains unchanged

Summary

1

2

3






4. DIVISIONAL STRATEGY & PERFORMANCE



AGENDA




Our Vision and divisional aspirations

* Conventional & Islamic

TRANSACTION*

To become Top 5 Transaction

Banking Service Provider

in Malaysia by FY2015 with 8% market

share

CIB*

Target high-profile

and high-value clients, increase „share of wallet‟, deliver innovative & quality solutions and leverage ANZ

for x-border businesses

ISLAMIC

To be the Islamic Bank of choice

INVESTMENT*

Deliver comprehensive

solutions, lead in capital markets,

funds management, stock broking and enhance domestic

and overseasdistribution

via ANZ

MARKETS*

Deliver substantive,integrated and

client-led business with

full suite of FX, Rates,

Commodities and FI offerings

with ANZ collaborations

FAMILY TAKAFUL

To be the trusted Family Takaful

Operator of choice within

all of our selected markets

LIFE ASSURANCE

To be leading Life Insurer in customer

services, productivity and products

GENERAL INSURANCE

Leverage scale to lead the market in

the motoring segment,

whilst building a leading

personal lines portfolio and niche

commercial business

RETAIL*

Develop a liability-led business,

grow assets in targeted segments & expand Wealth

Management

BUSINESS*

Growing the business through decisive

execution

DIVISIONAL ASPIRATIONS

Vision“As Malaysia‟s preferred diversified, internationally connected financial

solutions group, we take pride in growing your future with us”



Retail Banking

Develop a liability-led business, grow assets in targeted segments and expand Wealth ManagementAspirations

9.0%Growth 4.2% 15.3% 36.1% 13.4% 12.1% 13.8%

• Higher profit contribution via growing core business while improving asset quality and managing expensesOutlook

PAT

H1FY14 PATH1FY13 PAT Positive growth in H1FY14 Contraction in H1FY14

• Higher profits benefiting from progressive integration of MBF Cards and improved asset quality, offset by higher synergistic benefit cost

• CASA and customer deposits grew stronger underpinned by leveraging existing and new channels, campaigns and alliances

• Lending growth partly reflects regulatory changes, various initiatives being rolled out to support sales growth

• Integrated campaigns focused to effectively manage marketing spend and maximise revenue

• Small Business Banking model targeting non-individual customers, on track for pilot launch to 45 branches in Nov

Higher profits from improved asset quality and Cards

H1FY14 PAT

(composition to Group)

H1FY14

vs

RM'mil H1FY13 H1FY14 H1FY13

37.5%

Gross Loans /

Financing 47,764.6 49,154.7 ▲ +2.9%

Gross Impaired Loans 2.62% 1,288.3 1,287.5 -▼ -0.1%

Customer Deposits 34,512.2 38,430.1 ▲ +11.4%

CASA Deposits 9,322.0 10,535.5 ▲ +13.0%

ROA 1.33% 1.45% ▲ +0.12%

CTI 43.5% 46.0% ▲ +2.5%

Allowance Coverage 78.7% 79.1% ▲ +0.4%

PATH1FY13

TotalIncome

Expenses PBP Allowances PBT TaxPAT

H1FY14

H1FY14 (RM‟mil)

989.3 455.1 534.2 60.8 473.5 117.0 356.4

H1FY13(RM‟mil)

907.4 394.8 512.6 95.1 417.5 104.4 313.1



Aspirations

H1FY14 Income mix

Business Banking

Growing the business through decisive execution

3.7%Growth 4.2% 1.3% 93.9% 20.3% 19.8% 20.5%

H1FY14 PAT(composition to Group)

Outlook • Expecting higher profit growth for FY2014

PAT

• Strong profit growth underpinned by higher income and lower provisions as well as higher recovery due to better customer credit rating

• Expanding customer base and value of business in preferred sectors (construction, manufacturing, oil & gas), seized growth opportunities from beneficiaries of ETP

• Regional coverage teams provided diversified geographic loans and deposits growth

Higher income and strong deposits growth

H1FY14

vs


20.6%

Lending

& deposits

, 70%

Trade

Services, 30%


PATH1FY13

TotalIncome


H1FY14

H1FY14 (RM‟mil)

315.2 52.9 262.3 2.2 260.1 64.4 195.7

H1FY13(RM‟mil)

304.0 52.2 251.7 35.5 216.2 53.7 162.5

Gross Loans / Financing 17,313.4 18,405.8 ▲ +6.3%

Gross Impaired Loans 0.64% 270.3 118.3 -▼ -56.2%


CASA Deposits 2,576.8 3,263.1 ▲ +26.6%

ROA 1.98% 2.19% ▲ +0.21%

CTI 17.2% 16.8% -▼ -0.4%

Allowance Coverage 145.0% 173.5% ▲ +28.5%

G

G



20.5%

Lending &

deposits, 58%

Offshore Banking,

12%Asset

Mgmt, 4%

Trade Services & Cash

Mgmt, 31%

Corporate & Institutional Banking

Target high-profile and high-value clients, increase ‘share of wallet’, deliver innovative and quality solutions and leverage ANZ for x-border businesses

Aspirations

1.6%Growth 3.7% 10.4% 7.0% 2.6% 6.9% 1.3%

PAT

H1FY14 Income mix H1FY14 PAT(composition to Group)

Services include : large corporate lending & deposits, financial institutions group, offshore banking, transaction banking, private equity, REITs and trustee services

Outlook • Anticipating higher profit growth for FY2014

• Higher net interest income offset by lower non-interest income in the absence of divestment gains in Assets business in H1FY14

• Gross loans / financing affected by large repayments in H1FY14, expecting improve growth in H2FY14

• Lower deposits reflects management of depositors concentration

• Continued cross sell in key products / solutions under wholesale banking platform

Sustained loans and deposits growth

H1FY14

vs



PATH1FY13

TotalIncome


H1FY14

H1FY14 (RM‟mil)

262.3 43.5 218.9 (28.7) 247.6 52.8 194.8

H1FY13(RM‟mil)

266.6 39.4 227.2 (26.8) 254.1 56.7 197.4



CTI 68.5% 58.2% -▼ -10.3%

Ave Assets Management 36,086.9 39,771.7 ▲ +10.2%

Ave Volume / Contract Traded (RM'mil/month)

IB Broking 4,553.0 5,568.7 ▲ +22.3%

AmFuture - FKLI 30.4 31.1 ▲ +2.3%

Market Share as at:

IB Broking 6.8% 5.9% -▼ -0.8%

AmFuture -FKLI 8.3% 6.1% -▼ -2.2%

1

Investment Banking

Deliver comprehensive solutions, lead in capital markets, funds management, stock broking and enhance domestic & overseas distribution via ANZ

Aspirations

Growth 5.0% 23.7% 64.2% >100.0% >100.0% 20.4% >100.0%


Outlook

• Near term market uncertainty as a result of continue guessing on timing and quantum of US QE tapering

• FY2014 profit to be supported by improved market sentiment post elections coupled with roll out of Economic Transformation Programme (ETP) projects driving capital markets activities

PAT

1. Includes AmInvestment Management, AmInvestement Services, AmIslamic Funds Management & Private Banking

• PAT doubled underpinned by strong contributions from corporate finance, debt capital market activities, broking and funds management, as well as write back of allowances

• Continued good growth of assets under management from funds management and private banking, supporting recurring non-interest income growth

Improved performance

H1FY14 PATH1FY13 PAT Positive growth in H1FY14H1FY14 PATH1FY13 PAT Positive growth in H1FY14 Contraction in H1FY14

Debt

Cap Mkt, 8

%Corp

Fin, 12%

Equity,

3%

Broking

& Futures

, 23%

Fund

Mgmt, 33%

Private

Bkg, 7%

Int

Biz, 14%

8.2%

H1FY14

vs


PATH1FY13

TotalIncome


H1FY14

H1FY14 (RM‟mil)

216.0 125.6 90.4 (9.1) 99.5 21.4 78.1

H1FY13(RM‟mil)

174.7 119.6 55.0 5.5 49.5 17.7 31.8



Markets

Deliver substantive, integrated and client-led business with full-suite of FX, Rates, Commodities and FI offerings with ANZ collaborations

Aspirations

Growth 10.4% 69.7% 37.9% 26.8% 33.3% 36.3% 35.8%

Outlook

• FY2014 profit outlook supported by:

a) Intensifying cross-sell initiatives by tapping into the Group’s regional presence in FX and Derivatives business

b) Expansion of regional distribution and trading capabilities

PAT


• Healthy volume flows from foreign exchange and derivatives Sales made up for the paucity of trading revenue, especially from Fixed Income

• Excessive market volatility causing temporary deferment to deal flows

Performance impacted by continued volatility in market


H1FY14

vs


5.5%Fixed

Income, 15%

Foreign

exchange, 64%

Derivativ

es, 20%

PATH1FY13

TotalIncome


H1FY14

H1FY14 (RM‟mil)

102.1 35.3 66.9 (2.7) 69.6 16.9 52.7

H1FY13(RM‟mil)

139.6 39.4 100.3 (9.0) 109.3 27.2 82.1

CTI 28.2% 34.5% ▲ +6.3%

PAT : FX and Derivatives 45.8 48.6 ▲ +6.0%

Financial assets HFT 11,092.6 2,460.9 -▼ -77.8%

Financial investments

AFS 2,193.8 3,458.7 ▲ +57.7%

Total Group:

Financial assets HFT 13,248.4 5,335.9 -▼ -59.7%


AFS 7,610.0 9,616.8 ▲ +26.4%


HTM 2,209.6 5,068.4 ▲ +>100.0%



General Insurance

Leverage scale to lead the market in the motoring segment, whilst building a leading personal lines portfolio and niche commercial business

Aspirations

>100.0%Growth >100.0%>100.0% >100.0% 58.4% >100.0% 45.3%

Outlook

PAT H1FY14 PAT(composition to Group)

• Higher premium growth, stronger net earned premium and improved underwriting profit benefiting from enlarge entity

• Higher expenses reflects enlarge entity and amortisation of intangible assets (RM15.4 mil for H1FY14). In accordance with MFRS 3 (Business Combination) and MFRS 138 (Intangible Assets), AmGeneral Holdings has completed the purchase price allocation (PPA) in relation to the Kurnia acquisition. The total intangible assets, which comprised of brand, agency relationship and policies in force is valued at RM208 mil. The agency relationship and policies in force will be amortised on a straight line basis over their useful economic lives

Improved performance, benefiting from positive contributions from acquisition

• Expecting higher retention levels in FY2014

PATH1FY13

TotalIncome


H1FY14

H1FY14 (RM‟mil)

266.2 145.2 121.0 2.1 118.9 31.2 87.7

H1FY13(RM‟mil)

121.1 45.8 75.4 0.4 75.0 14.7 60.3


9.2%

H1FY14

vs


Claim ratio 57.4% 63.1% ▲ +5.7%

Expenses ratio 15.7% 16.5% ▲ +0.8%

Combined ratio 83.5% 90.4% ▲ +6.9%

• H1FY2013 reflects AmG standalone results only.• Ratios as above reflects insurance operating business only (exclude PPA amortization).



2.6%


Life Assurance: To be leading Life Insurer in customer service, productivity and products

Family Takaful: To be the trusted Family Takaful Operator of choice within all of our selected marketsAspirations

Growth 19.4% 99.8%>100.0% >100.0% >100.0% 100.0% >100.0%

Outlook Life Assurance: FY2014 profit contribution to normalise

Family Takaful: Expecting sales growth in FY2014 post full year operational readiness

PAT H1FY14 PAT(composition to Group)

• Higher income reflects stronger premiums growth in single premiums from Banca & Corporate channels

• Exploring new strategic partnership to become a leading insurance player

• Increased productivity of Bancassurance leveraging on Group‟s platforms

• Accelerated recruitment and training of quality agency force

• Rationalized product portfolio and distribution cost structure to deliver margin expansion

Stronger premiums & investment income

PATH1FY13

TotalIncome


H1FY14

H1FY14 (RM‟mil)

104.3 62.3 42.0 0.0 42.0 17.2 24.9

H1FY13(RM‟mil)

37.4 52.1 (14.8) 7.1 (21.9) 6.9 (28.9)


H1FY14

vs

RM'mil H1FY13 H1FY14 H1FY13 Life Assurance

Total assets 2,993.4 3,074.0 ▲ +2.7%

CAR ratio 197.8% 236.1% ▲ +38.3%

Net earned premium 187.7 232.1 ▲ +23.7%

Family Takaful

Total assets 105.8 149.1 ▲ +41.0%

Net contributions 14.1 38.4 ▲ +100.0%

GG



Transaction Banking

To become top 5 Transaction Banking Service Provider in Malaysia by FY2015 with 8% market shareAspirations

19.7%Growth 19.7% 19.9% >100.0% 23.4% 23.4% 23.4%

H1FY14 Income mix H1FY14 PAT

(composition to Group)

Outlook • Anticipate good profit growth for FY2014

PAT

• Higher income from cross sell initiatives and increase business flows between ANZ and AmBank whilst working with Relationship Managers to offer customized solutions to improve customer experience.

• Core business competencies of full suite Cash management and Trade & Supply Chain Services yielding impressive growth in CASA and higher customer utilization in Trade.

• Expanded customer touch-points via internet platforms and streamlined documentation for seamless customer experience. With over 130 AmTrade deals implemented for H1FY14; totaling over 390 implemented customers since its launch in late 2012.

• H1FY13 allowances reflect write-backs for contingent liabilities.

Higher profits and CASA growth from growing share of wallet

H1FY14

vs



10.6%

Trade Services, 42%

Cash Mgmt,

58%

PATH1FY13

TotalIncome


H1FY14

H1FY14 (RM‟mil)

184.0 23.3 160.7 26.6 134.1 33.5 100.6

H1FY13(RM‟mil)

153.7 19.5 134.3 (40.8) 175.1 43.8 131.3

Gross Loans / Financing 5,145.6 5,431.8 ▲ +5.6%

Trade Finance 5,076.4 5,352.4 ▲ +5.4%

Cash Management 28,213.1 31,983.4 ▲ +13.4%

CASA Deposits 5,558.8 7,350.1 ▲ +32.2%

ROA 5.38% 3.86% -▼ -1.52%

CTI 12.7% 12.7% ▲ +0.0%



14.4%


• Higher income backed by financing growth as a result of increased focus to feature Islamic banking products & services, and greater emphasis was placed to grow GLC and GLIC business while capitalising on ETP related projects

• Strong deposits & CASA growth, resulting from a continued focus on „sticky‟ funds and improving funding mix

Islamic Banking

To be the Islamic Bank of choiceAspirations

Strong deposits & CASA growth

5.0%Growth 6.2% 3.2% 4.0% 7.2% 11.4% 6.0%

Outlook • Increase penetration of solutions and cross-selling to support AmBank Group as “main bank” initiatives

PAT

PATH1FY13

TotalIncome


H1FY14

H1FY14 (RM‟mil)

441.8 180.8 261.0 82.1 178.9 41.8 137.1

H1FY13(RM‟mil)

421.0 175.2 245.8 78.9 166.8 37.5 129.4


H1FY14

vs


Gross Financing 21,647.3 22,843.1 ▲ +5.5%

Gross Impaired Loans 1.49% 263.0 341.5 ▲ +29.9%


CASA Deposits 4,985.3 5,638.5 ▲ +13.1%

ROA 0.96% 0.84% -▼ -0.13%

CTI 41.6% 40.9% -▼ -0.7%

Allowance Coverage 188.3% 152.7% -▼ -35.7%

G



• Includes funding cost to support recent acquisitions

• MI represents non-controlling interests within the Group

Group Operating Segments


3.0%

12.1%Growth >100.0% 19.6% 76.9% 100.0% >100.0% >100.0%

PAT

91.4% >100%


-4.2%

PATH1FY13

Total Income Expenses PBP Allowances PBT Tax PAT MIPATMI

H1FY14

H1FY14 (RM‟mil)

125.5 213.2 (87.8) (19.9) (67.9) (28.4) (39.5) 44.3 (83.7)

H1FY13(RM‟mil)

142.6 178.3 (35.7) (86.4) 50.7 22.5 28.2 23.1 5.1







5. SUPPLEMENTARY INFORMATION – AMBANK GROUP


AGENDA




25.79 34.59

50.00 4.40

2.50 1.90

13.38

2.02

HIFY13 Computer software

Merchant relationship

Credit cards relationship

In force biz Agent relationship

HIFY14

43.87 57.75

99.92 10.96 1.67 1.27 -

40.15

2.01

FY12 Computer software

Merchant relationship

Credit cards

relationship

FY13 (previously reported)

In force biz Agent relationship

FY13 (restated)

17.1% >100.0% >100.0% 93.9%

25.0% >100.0% 31.7% >100.0%

H1FY13Computer software

Merchantrelationship

(MBF)


(MBF)

In force biz(Kurnia)

Agent relationship

(Kurnia)H1FY14

In accordance with MFRS 3 (Business Combination) and MFRS 138 (Intangible Assets):

RM‟mil

RM‟mil

RM‟mil

MBF


25.0Straight line basis, amortised over 5 years

Credit card relationship

38.0Straight line basis, amortised over 10 years

Total 63.0

Kurnia

In Force Business

53.5Straight line basis, amortised over 1 year

Agent relationship

60.5Straight line basis, amortised over 15 year

Brand 94.4Not impaired, reviewedfor impairment annually

Total 208.4

FY12Computer software


(MBF)


(MBF)

FY13

(Previously reported)

In force biz(Kurnia)

Agent relationship

(Kurnia)

FY13(Restated)

>100.0% >100.0%

>100.0% >100.0% >100.0%

Amortisation of intangible assets



• Statutory reserve and liquidity requirement savings

• Reduced exposure to interest rate risks

Diversifying funding sources and maturity profile

Benefits to funding strength

• Improve funding stability, maturity gap & liquidity ratios

• Reduce dependence on short-dated deposits to fund long-dated fixed rate loan assets which incur liquidity risk and interest rate risk

• Diversifies investor base

• No obligation for buy back since we are not exposed to withdrawal risks and the notes are traded in the open market

• Enable depositors to invest in long and medium dated papers

LDR of 86.8%

AmBank (M) Bhd

USD2b Euro Medium Term

Note

BBB+ (S&P)Baa1 (Moody‟s)

Joint Lead Arrangers

AmIslamic Bank Bhd

RM2b Subordinated Musyarakah

Sukuk

A1 (RAM)

RM1.0b

Sep 2011

Lead Arranger

AMMB Holdings Bhd

RM2b Medium Term Notes

A1 (RAM)

RM2.0b

Aug 2012

Lead Arranger

AmBank (M) BhdAmIslamic Bank

Bhd

Loans with Recourse

Recourse obligations on loans sold to Cagamas -maturing in 2017

Islamic financing sold to Cagamas –maturing in 2016

Funding diversity underpinned by

CASA: RM16.5 billion (yoy growth = 13.8%)

Fixed deposits: RM71.7 billion (strong retention)

Supplemented by

AmBank (M) BhdAmIslamic Bank

Bhd

RM7b Senior Notes* & RM3b Senior Sukuk

AA3 (RAM)

RM2.7b & RM0.6b

Mar‟10 & Sep‟10

Lead Arranger

AmBank (M) Bhd

RM2b Medium Term Notes

AA3 (RAM)

RM1.6b

Feb 2008

Lead Arranger

* 1st senior notes issuance by a financial institution in Malaysia

Outstanding amount @

30.9.13

Issued date



• Is an investment to implement the new core banking system (“AmBanCS”) in two phases, covering several strategicinitiatives within the AmHorizon Eco-System i.e. Project Enterprise, Service Oriented Architecture, Business ProcessReengineering , Data Centre Core Modernization, AmBanCS Capability and Performance Teams (ACT & APT)

• Phase 1 of AmBanCS implementation is on schedule to go-live on 18 November 2013

Customer centricity

• Faster turnaround time for seamless view across line of business and different entities, bridging systems and departments boundaries

• Minimum effort for IT to allow integration of other lines of business to utilize the customer centric views within core banking system

Faster Time to Market

• Reduced / Quick turnaround time for product launches

• Reduced IT effort for code enhancements to launch products

• Reduced code enhancement due to more parameterization capabilities

Product Support

• Reduced IT effort in order to package products

• Lesser IT effort to support segmentation capabilities

• Reduced staff for support of product

High Availability / Response

• Multi entity structure capability

• Multi country, region & currency capability

• Lesser response time for similar/current staff experience

Future-Proof Technology & Agile Architecture

• Lesser IT effort for integrating various channels into new core banking system

• Reduced cost for IT maintenance and enhancement

Continued investments to strengthen the AmBank franchise

AmHorizon: Replacing AmBank‟s Core Engine

Benefits:



ANZ diversified footprints in Asia

Value proposition

• Seconding ANZ staff into key roles

• Providing technical expertise

• Support new product development

• Two-way customer referrals

• Joint account planning

• Access to regional network & connectivity

Board & Management representation

• Shayne Elliot – Director (CFO, ANZ)

• Gilles Planté– Director (CEO Asia Pacific, ANZ)

• Mark Whelan – Director (MD, Corporate & Commercial, ANZ)

• Mandy Simpson – Chief Financial Officer

• Nigel Denby – Chief Risk Officer

• Ross Foden – Chief Operations Officer

• Paul Lewis – Managing Director, Retail Banking

• Tan Chin Aun - Transaction Banking

• Oscar Demirtas - Senior Program Manager, Small Business Banking

Partnership with ANZ

Source: Trade Finance Magazine 2013

CHINA

HONG KONG

PHILIPPINES

VIETNAM

NEW ZEALAND

SOUTH KOREA

JAPAN

TAIWAN

INDONESIA

AUSTRALIAPACIFIC ISLANDS

SINGAPORE

LAOS

THAILAND

CAMBODIAMALAYSIA

PAPUA NEW GUINEA

FIJI

INDIA

ANZ & AmBank Partnership

16 Asian markets, 98 branches and 5 Partnerships



General Insurance Credentials

• AmG completed the Kurnia acquisition on 26 Sept 2012 – combined entity renamed AmGeneralInsurance Berhad on 1 Mar 2013

• One of Malaysia‟s leading general insurers and the No. 1 motor insurer

• Insures around one in five cars in Malaysia (~21% market share) and ~12% market share for general insurance by GWP

• GWP over MYR 1.7 billion

• Over 3.6 million policy holders and a diversified distribution base – 7,000 plus agents, supported by a national network of branches and over 180 AmBank branches across the country

• Cost synergies and operational efficiencies to achieve value accretion over the next 2 years

• IAG provided substantial leadership and input into the acquisition process and integration planning

• Resources from IAG Group have been mobilised to Malaysia to assist with integration

Value proposition

• Involved in the management of AmGeneral Insurance, offering skills transfer, partnership and relationship models of IAG

• Adding value through claims re-engineering savings, increased revenue via product development, underwriting and pricing

Board & Management representation

• Justin Breheny– Director (Group Chief Risk Officer, IAG)

• Duncan Brain – Director (CEO, IAG Asia)

• Travis Atkinson – CEO AmGeneral Insurance Berhad

• Arron Mann– General Manager, Claims

• Chris Tandy – General Manager, Personal and Commercial Pricing

• Jackie Chung – Head of Transformation Management Office

Partnership with IAG

GENERAL INSURANCE

AmGeneral: Leveraging strategic partnership with global insurance partner

https://www.kurnia.com/malaysia



Branches ATMRegional Business Centres

Perlis 1 4

Kedah 5 29

Pulau Pinang 16 51 1

Perak 19 49

Selangor 40 261

Kuala Lumpur 28 148

Putrajaya 1 4

Negeri Sembilan 7 44

Melaka 6 37

Johor 23 95 1

Pahang 8 36

Terengganu 4 20

Kelantan 2 22

Sabah 10 35 1

Labuan 1 2

Sarawak 16 48 1

187 885 4

1.Peer banks as at Dec 2012, AmBank as at latest practical date2. AmLife & AmG branches and agency office

Multiple distribution channels aligned to demographics

Population Density: <100 persons per km2 101-500 persons per km

501-1,000 persons per km2 1,001--1,500 persons per km2

> 1,501 persons per km2

Perlis

Kedah

PulauPinang

Perak

SarawakKuala Lumpur

Putrajaya

NegeriSembilan

Melaka Johor

Pahang

Singapore

Indonesia

Selangor

Labuan

SabahTerengganu

Kelantan

AmIslamicbranches

Weekend & Extended Hours

Banking Branches

ATMs @ 7-Eleven

ElectronicBanking Centres

Internet & Mobile

BankingAmGeneral AmLife AmInvestment MBF

3 96 404 167AmOnlineAmGenie

32(include 28

dual branded branches)

18 offices14 agencies

14 26

Note(s):

Brunei: AmCapital (B) Sdn Bhd

Indonesia: PT.AmCapital Indonesia, PT.AMCI Manajemen Investasi Indonedia

Singapore: AmFraser Securities Pte Ltd

Brunei Darussalam

Nationwide Branch Network

Other Customer Touch Points



AmInvestmentGroup Berhad

AmCorp Group

Bhd, 15.5%

ANZ Funds

Pty Ltd 1, 23.8%

EPF, 12.4%

Other

shareholders, 47.3%

FY2010 FY2011 FY2012 FY2013 Q1FY2014 H1FY2014

27% 27% 26% 29% 32% 34%

Solid shareholding structure & franchise value

As at 30 Sep 2013

AmLifeInsurance

Berhad

AMMB Holdings Berhad

Capital Markets

100%

100%

100%Asset Management

100%

100%

100%

51%

Banking

Insurance

AmGeneralHoldingsBerhad2

AmFamilyTakaful Berhad

AmBank (M) Berhad

AmIslamic Bank Berhad

AmInvestmentBank Berhad

AMAB Holdings Sdn Bhd

100% MBF Cards (M’sia) Sdn Bhd

BonuskadLoyalty Sdn

Bhd

33.33%

100%

AmGeneralInsurance Berhad3

100%

1. ANZ: ANZ Funds Pty Ltd,a wholly owned subsidiary of Australia and New Zealand Banking Group Limited2. Formerly known as AmG Insurance Berhad3. Formerly know as Kurnia Insurans (Malaysia) Berhad

49%

Foreign shareholding excluding ANZ



9.10 8.95 8.83 8.70 8.60 8.50 8.46 8.45 8.40 8.40 8.358.11

7.897.60 7.58 7.50 7.50 7.40 7.40 7.40 7.40 7.35 7.32 7.30

6.776.35

19

Au

g 1

3

16

Au

g 1

3

23

Au

g 1

3

18

Oct

13

16

Au

g 1

3

16

Au

g 1

3

16

Au

g 1

3

19

Au

g 1

3

10

Oct

13

19

Au

g 1

3

19

Au

g 1

3

16

Au

g 1

3

16

Au

g 1

3

16

Au

g 1

3

1 N

ov 1

3

19

Au

g 1

3

21

Oct

13

11

Ap

r 1

3

19

Au

g 1

3

1 O

ct

13

16

Au

g 1

3

19

Au

g 1

3

4 O

ct

13

19

Se

p 1

2

Buy/Outperform/Overweight/AddP/EPS : EPS annualized Apr 12 – Sep 13 P/BV : BV as at 30 Sep13

Banking sector share price movement / target price and recommendations

105.7%

105.3%

84.1%

75.8%

36.5%

15.8%

31.6%

0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0%

AMMB

HLFG

PBB

RHB Cap

CIMB

MBB

KLCI(Note: 18 May 2007 vs. 30 Sep 2013) Ratings FY2007 H1FY2014

AmBank (M) RAM A2/P1/Stable AA3/P1/Positive

Fitch BBB-/F3/Stable BBB/F3/Stable

S&P BBB-/A-3/Stable BBB+/A-2/Stable

Moody‟s Baa2/P-3/Stable/D- Baa1/P-2/Stable/D+1

AmInvestment RAM AA3/P1/Stable AA3/P1/Positive

Fitch BB+/B/Stable BBB/F3/Stable

S&P BB+/B/Stable BBB+/A-2/Stable

AmIslamic

RAM A2/P1/Stable AA3/P1/Positive

AMMB RAM NA A1/P1/Positive

TP: target price

Sell/Underperform/Fully valued/Reduce/Underweight

Hold/Neutral/Market perform Source : Bloomberg as at 6 Nov 2013

1 BFSR - Banking Financial Strength Rating

+2

+1

+2

+2

+3

+2

+1 Notches of ratings upgrades

+1

AMMB HOLDINGS BERHAD Average TP : RM7.91Buy : 7 (27%)Sell : 4 (15%)Hold : 15 (58%)Average TP / Average CP : 1.07x

P/EPS : 12.25P/BV : 1.79

Market Price : RM7.41

19

Au

g 1

3

13

Ju

n 1

3

Banking Sector Share Price Movement Upgraded ratings

Target Price and Recommendations



Strategic Business Transformation: Continued Progress

Set Group‟s MTA, transformation strategy, agenda and targets Enhanced focus on asset quality and risk reward trade offs Realigned business model towards profitable segments in HP, mortgage & fixed income Consolidated Group balance sheet activities within commercial bank Split composite insurance license to General and Life

High Priority Growth

Initiatives

Governance & Enablement Functions

Created deposit businesses as profit centres across Group Commenced realigning non-retail customer segmentation and divisional focus Proactively strengthened capital and liquidity management Repositioned balance sheet for rising interest rates Completed realignments in non-retail customer centric business models Continued expanding product offerings and new capabilities in Markets division Balance sheet funding strengthened via long term fund raisings

Developed retail focus customer centric business models Implemented basic account plans for business customers to increase SOW Initiated Group Rebranding program Initiated revamping of branches to refresh customer experience Realigned account management teams for more effective account planning

Launched a new brand re-positioning, “Your Bank. Malaysia‟s Bank. AmBank.”, a new chapter for our brand to deliver a unique AmBank Group experience to our customers

Restructure non-retail business divisions to Wholesale Banking to improve client centricity, efficiency and productivity

Developing Small Business Banking model targeting non-individual customers in Retail banking

FY2014

FY2012 & FY2013

FY2010 & FY2011

FY2008 & FY2009

Strategic Business

Transformation



High Priority Growth Initiatives: Implemented To-Date

Created new profit centre based retail branch distribution model Created a separate Corporate and Institutional Banking (CIB) Division Developed new FX business in collaboration with ANZ Enhanced cash management offering via Gross Payroll system Friends Life brought in as new life strategic business partner

Accelerated building of scale in non-retail customer businesses Increased focus on GLC, GLIC and MNC businesses Developed new Rates business in collaboration with ANZ Expanded distribution footprint (particular focus on 7-11 ATM‟s) & alternative channels Commenced activities to leverage ANZ International connectivity Developed new wealth management business strategies Created a new Transaction Banking business focusing on trade and cash management

Inked business principle agreements with ANZ to leverage international connectivity Commenced a new family Takaful business with Friends Life Commenced Priority Banking expansion initiatives Completed Kurnia & MBF Cards acquisitions and commence integration Repurchased remaining shareholding in AmLife and AmTakaful Secured approval as Private Retirement Scheme (PRS) provider Established partnership with Travelex for money changing services

Channels re-organisation to improve customer connectivity and experience (e.g. branch re-design and rationalisation; reposition digital banking)

Pursuing “Save to Invest” programme to achieve cost synergies across the Group Undertaking segmentation activities to enhance cross-selling to grow Main Bank relationships Initiated account joint-planning within non-retail divisions to increase trade utilisation &

business deals

Strategic Business

Transformation


FY2014

FY2012 & FY2013

FY2010 & FY2011

FY2008 & FY2009


Initiatives



Rebuilding AmBank‟s “Core Banking System” via AmHorizon, creating a scalable and robust platform for growth with enhanced customer experience, target to go live by end 2013

Financial Holding Company structure being progressed for full compliance with FSA & IFSA Streamlining of subsidiaries and releasing of dormant capital of 12 entities to be completed

by 31 March 2014 Reviewing Internal Rating Based approach to optimise capital management Enterprise Process Platform (EPP) going live to support lending operations

Governance and Enablement Functions Streamlined:Supports Better Decision Making

Privatised AmInvestment Bank as part of migration to universal banking platform Consolidated / simplified governance committee structures and strengthen risk disciplines Created a Group PMO to prioritise and manage key strategic initiatives Established Advance Risk Recognition Program (ARRP) Separated ALCO, capital and balance sheet management from Markets Delivered Peer Bank relative performance benchmarks Implemented short and long term performance incentives

Delivered 8 new generation retail scorecards & new market risk models Commenced PD, LGD & EAD models for retail and non-retail, non-retail security indicators Developed leadership bench-strength and succession planning Implemented Operational Risk Incident Reporting system and Basel II capital calculator Implemented FTP system aligned to balance sheet strategies Consolidated some Group Support into Centres of Excellence Initiated new retail and non retail PD / LGD models, Security Indicators, Collateral

management, and Market risk system (VIPER) Initiated core banking system replacement programme

Strategic Business

Transformation


Initiatives

Implemented a new ALM system and divisional capital allocations under Basel II Integrate new Basel III frameworks into planning processes Finalised vendor selection and commenced core banking system replacement Developed AmFamily Takaful system to support commencement of Takaful business Implemented Model Execution Platform (MEP) provisioning methodology for better risk

assessment and pricing capabilities Transitioned to full MFRS 139 compliance on collective provisioning for credit risk Developing new behavioral scoring models for Retail and SME portfolio

FY2014

FY2012 & FY2013

FY2010 & FY2011

FY2008 & FY2009









6. SUPPLEMENTARY INFORMATION – ECONOMY & INDUSTRY

AGENDA




98.6

0

20

40

60

80

100

120

140

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2008 2009 2010 2011 2012 2013

BCI

4.3%

8.0%

6.0%

0%

5%

10%

15%

20%

25%

30%

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

GDP Consumption Investment

FDIs remain robust

Sources : Bloomberg & BNM

Domestic consumption and investment continues to drive Malaysian economy

Business Conditions Index

2010 2011 2012 2013

27.5

41.643.3

30.829.627.028.2

33.1

39.0

23.422.125.5

32.529.0

30.632.2

29.8

21.3

17.2

26.6

16.3

8.27.2

16.0

2.0-0.8 0.4 1.1 2.6

-3.5

14.5

2.4

6.3

12.013.814.013.4

4.8

12.011.38.7

-1.9

9.4

7.4

-10

0

10

20

30

40

50

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2008 2009 2010 2011 2012 2013

TD FDI

RM' bil

Moderating growth

Slight deterioration in near term expectations

CPI & unemployment rates remain low

FDIs remain robust

2.8%

2.6%

0%

5%

10%

Mar

Jun

Sept

Dec

Mar

Jun

Sept

Dec

Mar

Jun

Sept

Dec

Mar

Jun

Sept

2010 2011 2012 2013

Unemployment Rate CPI



10.2%

8.8%

9.5%

5%

10%

15%

Mar Jun Sept Dec Mar Jun Sept Dec Mar Jun Sept Dec Mar Jun Sept

2010 2011 2012 2013

Retail growth YoY Non-retail growth YoY Total loans growth YoY

4.53%

3.00%

6.53%

0%

5%

10%

15%

2006 2007 2008 2009 2010 2011 2012 2013

Average lending rate (commercial banks) Average OPR Average BLR

257.7 307.6 342.1 350.4

263.7 333.7

400.1 415.8

33.4% 34.2% 34.6% 31.9%

75.1% 75.8% 76.6%80.5%

-100

100

300

500

700

900

1,100

1,300

1,500

Retail loans application Non-retail loans application

Gross national savings Household debt/GDP

2009 2010 2011 2012

Domestic economy expected to be resilient

RM’mil

Source: BNM

To be updated for the his

Interest rates expected to remain in the short term

Moderating loans growth

Stable household debt / GDP with sustainable loan application

Loans application and loans approval remained weak

257.7 307.6 342.1 350.4

263.7 333.7

400.1 415.8

33.4% 34.2% 34.6% 31.9%

75.1% 75.8% 76.6%80.5%

-100

100

300

500

700

900

1,100

1,300

1,500

Retail loans application Non-retail loans application

Gross national savings Household debt/GDP

13.1%

10.9%

-30.0%

-10.0%

10.0%

30.0%

50.0%

Mar Jun SeptDec Mar Jun SeptDec Mar Jun SeptDec Mar Jun Sept

2010 2011 2012 2013

Loan application growth yoy Loan approved growth yoy



0

5

10

15

20

25

30

35

40

45

50

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

2010 2011 2012 2013

New issues of equity New issues of debtSource: BNM

Strong fundamentals in the banking sector

RM’bil RM’mil

Loan loss coverage Gross impaired loans

Capital levels above BNM‟s Basel 3 guidelines

Capital activities supported by debt issuance

Asset quality improved

Sustained deposits growth provides liquidity

97.6%

2.0%

-2.0%

2.0%

6.0%

10.0%

14.0%

18.0%

80%

85%

90%

95%

100%

105%


2010 2011 2012 2013

Loan Loss Coverage Gross Impaired Loans

14.4%

13.0%

0%

5%

10%

15%

20%


2010 2011 2012 2013

RWCA/Total capital Core capital/ Tier-1

Beginning January 2013, capital components are reported based on Basel III Capital Adequacy Framework

79.8%

0

200

400

600

800

1,000

1,200

1,400

1,600

Mar

Jun

Sept

Dec

Mar

Jun

Sept

Dec

Mar

Jun

Sept

Dec

Mar

Jun

Sept

2010 2011 2012 2013

Total Deposits LD Ratio



ETP: Propelling Malaysia towards becoming a high-income, developed nation by 2020

• RM48k (USD15k) GNI per capita

• RM1.7 trillion GNI

• 6% annual GDP growth

GROSS NATIONAL INCOME

JOBS

• 31.6m population

• 3.3m additional jobs

TRANSFORMATIONAL ACTIONS

INVESTMENT

Focus Drivers:

• 12 NKEAs, 131 EPPs

• 60 Biz Opportunities

• Private-sector led

Competitiveness ‘Enablers’

• 6 SRIs & 51 Policy Measures

• RM1.4 trillion investment

• 92% private investment

• 8% public investment

• 73% DDI, 27% FDI

ECONOMIC TRANSFORMATION

PROGRAMME

Note: Data was correct as on ETP announcement date, the ETP is an evolving programme, in the past 2 years, some EPPs have been dropped, some new ones were added* Based on ETP update up 26 Aug 2013, the discrepancies with the sums of NKEAs was due to some undisclosed investment values and rounding errors

Round 11(16 Nov 2012)

Round 12(26 Aug 2013)

Round 9(28 May 2012)

Round 10(13 Sep 2012)

ROUND 1(25 Oct 2010)

ROUND 2(30 Nov 2010)

ROUND 3(11 Jan 2011)

ROUND 4(8 Mar 2011)

ROUND 5(19 Apr 2011)

ROUND 6(13 Jun 2011)

ROUND 7(8 Sep 2011)

Initiatives

Investment (RM‟bil)

GNI Impact

(RM‟bil)

Job creation(„000)

TO-DATE*

TARGET (2020)

% OF TARGET

ROUND 8(10 Nov 2011)

9 9 19 23 12 15 10 13 21 7 11 33 182 - -

5.3 9.6 66.8 14.8 11.4 63.4 1.4 5.9 20.5 5.6 6.7 7.0 218.3 1,419 15.4

0.1 84.5 32.5 20.1 16.6 66.3 8.4 6.7 4.6 2.4 1.1 6.8 250.1 1,700 14.7

13 71 52 88 74 64 10 17 40 18 40 26 513 3.3 mil 15.5

ETP Overview

ETP execution gaining momentum ETP : Economic Transformation ProgrammeSource : Pemandu

* Inclusive of 1.9 bil investment of not accounted for any sector

RM218.3 bil worth of investment unveiled since Oct 2010

National Key Economic Area

Target Investment(RM‟bil)

To-date(RM‟bil)

% of Target

Oil, Gas & Energy 218 95 44%

Palm Oil 124 2 2%

Business Services 41 5 13%

Tourism 204 17 8%

Financial services 211 - -%

Electronics & Electrical 78 10 12%

Wholesale & Retail 255 13 5%

Education 20 5 24%

Healthcare 23 6 26%

Communications content & Infrastructure

51 2 3%

Agriculture 22 1 7%

Greater KL 172 58 34%

Total 1,419 214* 15%



1,896

2,792

3,499

5,879

10,429

52,918

Vietnam

Phillippines

Indonesia

Thailand

Malaysia

Singapore

0.0

5.2

-2.1

-2.2

-2.6

-4.3

Vietnam

Singapore

Philippines

Indonesia

Thailand

Malaysia

Malaysia remains an attractive investment destination

GDP per capita, 2013 (USD)

1.3 3.5

5.6 4.7

6.5 3.1

6.2 53

6.8 6.8

5.2 5.3 0.7%

2.1%

3.1%

4.5%

5.9%

7.0%

Thailand

Singapore

Malaysia

Vietnam

Indonesia

Philippines

1.9%

2.0%

2.0%

3.4%

8.2%

9.5%

Singapore

Thailand

Malaysia

Philippines

Vietnam

Indonesia

Unemployment (%) Inflation (%)

5.4

30.0

68.2

89.7

97.5

248.0

Singapore

Malaysia

Thailand

Vietnam

Philippines

Indonesia

21.1

29.5

30.1

30.6

31.2

44.9

Philippines

Vietnam

Thailand

Malaysia

Indonesia

Singapore

Population (mil) Savings rate (% of GDP)

-3.4

0.1

2.5

3.5

5.6

18.5

Indonesia

Thailand

Philippines

Malaysia

Vietnam

Singapore

Current Account Balance(% of GDP)

Government structuralBalance (% of GDP)

Real GDP growth 2012 2013F

Source: World Economic Outlook Database October 2013



Glossary / Disclaimer of warranty and limitation of liability

Reported PerformanceReported performance refers to the financial performance as reported in the audited financial statements and disclosed to the market

One OffsOne offs comprise those impacts on financial performance that arise from changes to :

• accounting and provisioning policies (eg 5 and 7 year rules)• differences between economic and accounting hedges• prior period catch ups (eg backdated salary costs)• strategic investments and divestments (eg ANZ partnership), and • tax and regulatory regimes (eg deferred tax asset write off due to reduction in corporate tax rates)

Underlying PerformanceUnderlying performance refers to the financial performance adjusted for one off impacts as above

Business Divisions

Business divisions • comprise AmBank Group‟s core operating businesses that generate profits from direct customer transactions and interactions• have relatively more stable income streams, incur the bulk of the costs and typically have a lower risk profile• in most instances have market shares and growth metrics that can be measured and benchmarked externally

Operating SegmentsOperating segments

• have more volatile and lumpy income streams, with the former a direct function of risk appetite • include

• income and expenses associated with shareholder funds, loan rehabilitation and legacy businesses, plus• costs associated with corporate, shared services and governance functions currently not charged back to the business units

The information provided is believed to be correct at the time of presentation. AMMB Holdings Berhad or AMMB Holdings or “AMMB” or its affiliates do not make any representation or warranty, express or implied, as to the adequacy, accuracy, completeness or fairness of any such information and opinion contained and shall not be liable for any consequences of any reliance thereon. Neither AMMB Holdings nor its affiliates are acting as your financial advisor or agent. The individual is responsible to make your own independent assessment of the information herein and should not treat such content as advice relating to legal, accounting, and taxation or investment matters and should consult your own advisers.

Forward looking statements are based upon the current beliefs and expectations of the AMMB Holdings and are subject to signif icant risks and uncertainties. Actual results may differ from those set forth in the forward looking statements. AMMB Holdings does not undertake to update the forward looking statements to reflect impact of circumstances or events that may arise after the date of this presentation.

The information in the presentation is not and should not be construed as an offer or recommendation to buy or sell securities. Neither does this presentation purport to contain all the information that a prospective investor may require. Because it is not possible for AMMB Holdings or its affiliates to have regard to the investment objectives, financial situation and particular needs of each individual who reads the information contained thus the

information presented may not be appropriate for all persons.

The information contained is not allowed to be reproduced, redistributed, transmitted or passed on, directly or indirectly, to any other person or published electronically or via print, in whole or in part, for any purpose.

The term "AMMB Holdings" and “AmBank Group” denotes all Group companies within the AMMB Holdings Group and this Disclaimer of Warranty and

Limitation of Liability policy applies to the financial institutions under AMMB Holdings.

Disclaimer of Warranty and Limitation of Liability



Glossary / Disclaimer of warranty and limitation of liability

The information provided is believed to be correct at the time of presentation. AMMB Holdings Berhad or AMMB Holdings or “AMMB” or its affiliates do not make any representation or warranty, express or implied, as to the adequacy, accuracy, completeness or fairness of any such information and opinion contained and shall not be liable for any consequences of any reliance thereon. Neither AMMB Holdings nor its affiliates are acting as your financial advisor or agent. The individual is responsible to make your own independent assessment of the information herein and should not treat such content as advice relating to legal, accounting, and taxation or investment matters and should consult your own advisers.

Forward looking statements are based upon the current beliefs and expectations of the AMMB Holdings and are subject to signif icant risks and uncertainties. Actual results may differ from those set forth in the forward looking statements. AMMB Holdings does not undertake to update the forward looking statements to reflect impact of circumstances or events that may arise after the date of this presentation.

The information in the presentation is not and should not be construed as an offer or recommendation to buy or sell securities. Neither does this presentation purport to contain all the information that a prospective investor may require. Because it is not possible for AMMB Holdings or its affiliates to have regard to the investment objectives, financial situation and particular needs of each individual who reads the information contained thus the information presented may not be appropriate for all persons.

The information contained is not allowed to be reproduced, redistributed, transmitted or passed on, directly or indirectly, to any other person or published electronically or via print, in whole or in part, for any purpose.

The term "AMMB Holdings" and “AmBank Group” denotes all Group companies within the AMMB Holdings Group and this Disclaimer of Warranty and Limitation of Liability policy applies to the financial institutions under AMMB Holdings.

Disclaimer of Warranty and Limitation of Liability

The material in this presentation is general background information about AmBank Group‟sactivities current at the date of the presentation. It is information given in summary form anddoes not purport to be complete. It is not intended to be relied upon as advice to investors orpotential investors and does not take into account the investment objectives, financialsituation or needs of any particular investor. These should be considered, with or withoutprofessional advice when deciding if an investment is appropriate.

For further information, visit www.ambankgroup.com;

or contact

Ganesh Kumar Nadarajah

Group General Manager, Investor Relations and Planning

Karen Chuah

Senior Manager, Investor Relations and Planning

Tel: +603 2036 1435 or +6019 2093 955

Fax: +603 2031 7384

e-mail: [email protected];

[email protected];

[email protected]


http://www.ambankgroup.com/

mailto:[email protected]









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